Most DeFi projects are valued based on hype, TVL, or token price trends.
But real cash flow protocols like Aerodrome can be analyzed like traditional businesses using discounted cash flow (DCF) models.
I applied this to Aerodrome, and the results were surprising.

Most DeFi projects are valued based on hype, TVL, or token price trends.
But real cash flow protocols like Aerodrome can be analyzed like traditional businesses using discounted cash flow (DCF) models.
I applied this to Aerodrome, and the results were surprising. 

https://open.substack.com/pub/5forsunday/p/do-cryptocurrencies-have-any-intrinsic?utm_source=app-post-stats-page&r=3jn2by&utm_medium=ios